105 Merger documents

105 Merger documents

The Financial Services Authority’s preference is for all the information to be provided to members of a building society in relation to a merger proposal to be contained in a single document known as a merger document1. The merger document should therefore contain the Schedule 16 Statement2, the board’s rationale for recommending the merger3, the notice of the meeting at which the merger resolutions are to be moved4, an explanation of the merger procedure (including details of the confirmation stage5) and a description of the society’s rules concerning entitlement to vote6

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